Wetouch Technology Inc.(WETH)Earnings, Financials & Key Ratios
WETH•NASDAQ•REIT / Real Estate
$1.83
$22M mkt cap·3.5× P/E·Price updated May 6, 2026
SectorReal EstateIndustryReal Estate ServicesSub-IndustryReal estate data, listings and marketplaces
AboutWetouch Technology Inc. engages in the research, development, manufacture, sale, and servicing of medium to large sized projected capacitive touchscreens in the Peoples Republic of China, Taiwan, South Korea, and internationally. Its product portfolio comprises medium to large sized projected capacitive touchscreens, which range from 7.0 inch to 42-inch screens. The company offers Glass-Glass, which are primarily used in GPS/car entertainment panels in mid-size and luxury cars, industrial human-machine interface (HMI), financial and banking terminals, point of sale, and lottery machines; Glass-Film-Film, which are primarily used in high-end GPS and entertainment panels, industrial HMI, financial and banking terminals, lottery, and gaming industry; Plastic-Glass, which are used in GPS/entertainment panels motor vehicle GPS, smart home, robots, and charging stations; and Glass-Film that are used in industrial HMI. Its products are also used in financial terminals, automotive, POS, gaming, lottery, medical, HMI, and other specialized industries. The company was founded in 2011 and is based in Meishan, China.Show more
- Revenue$42M+6.5%
- FFO$6M-27.0%
- FFO/Share0.52-41.4%
- FFO Payout0%
- FFO per Share0.52-41.4%
- NOI Margin32.18%-25.7%
- FFO Margin14.29%-31.4%
- ROE5.08%-44.2%
- ROA4.87%-43.2%
- Debt/Assets0.82%-42.3%
- Net Debt/EBITDA-11.01-44.7%
- Book Value/Share10.67-11.4%
WETH Key Insights
Wetouch Technology Inc. (WETH) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Company is almost debt free
- ✓FFO growing 77287004.8% TTM
- ✓Momentum leader: RS Rating 83 (top 17%)
- ✓Trading at only 0.2x book value
✗Weaknesses
- ✗Profits declining 15.2% over 5 years
- ✗Low NOI margin of 32.2%
- ✗Shares diluted 24.6% in last year
- ✗Trading more than 30% below 52-week high
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
WETH Price & Volume
Wetouch Technology Inc. (WETH) stock price & volume — 10-year historical chart
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WETH Growth Metrics
Wetouch Technology Inc. (WETH) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-
5 Years1.11%
3 Years1.21%
TTM29689240.29%
Profit CAGR
10 Years-
5 Years-15.15%
3 Years-29.74%
TTM65464640.5%
EPS CAGR
10 Years-
5 Years-44.02%
3 Years-63.45%
TTM127.9%
Return on Capital
10 Years24.17%
5 Years18.48%
3 Years12.89%
Last Year7.82%
WETH Peer Comparison
Wetouch Technology Inc. (WETH) competitors in Real estate data, listings and marketplaces — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 GTEC | 10.79M | 0.62 | 0.60 | -7.07% | 16.37% | 20.2% | 100% | 0.40 |
 CODA | 131.47M | 11.67 | 31.53 | 30.75% | 14.78% | 7.17% | 4.59% | 0.01 |
 INTT | 200.18M | 16.02 | -76.29 | -12.9% | 0.49% | 0.57% | 2.84% | 0.15 |
 DAKT | 960.82M | 19.71 | -93.86 | -7.53% | 3.43% | 9.64% | 8.14% | 0.06 |
 UEIC | 55.63M | 4.41 | -3.13 | -6.73% | -5.05% | -12.5% | 35.5% | 0.23 |
 SYNA | 4.04B | 104.29 | -85.48 | 11.98% | -5.41% | -4.47% | 2.63% | 0.63 |
 MCHP | 53.29B | 98.48 | -9999 | -42.35% | -2.21% | -1.42% | 1.45% | 0.80 |
 AZTA | 1.13B | 24.61 | -18.93 | -9.52% | -10.34% | -3.59% | 3.4% | 0.03 |
Compare WETH vs Peers
Wetouch Technology Inc. (WETH) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
WETH Income Statement
Wetouch Technology Inc. (WETH) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Line item | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|---|
| Revenue | 40M | 31.35M | 40.79M | 37.92M | 39.71M | 42.28M | 41.79M |
| Revenue Growth % | - | -21.64% | 30.11% | -7.02% | 4.7% | 6.48% | 29689240.29% |
| Property Operating Expenses | 21.3M | 15.74M | 22.35M | 23.87M | 22.52M | 28.67M | 8.2T |
| Net Operating Income (NOI) | 18.7M▲ 0% | 15.61M▼ 16.5% | 18.43M▲ 18.1% | 14.05M▼ 23.8% | 17.19M▲ 22.3% | 13.61M▼ 20.8% | 3.98T▲ 0% |
| NOI Margin % | 46.75% | 49.8% | 45.19% | 37.05% | 43.3% | 32.18% | 9521828.49% |
| Operating Expenses | 1.7M | 3.73M | 5.81M | 2.64M | 4.54M | 4.29M | 852.49B |
| G&A Expenses | 1.56M | 3.65M | 5.72M | 2.55M | 4.46M | 4.29M | 565.38B |
| EBITDA | 18.04M | 12.94M | 13.01M | 11.42M | 12.66M | 9.33M | 3.59T |
| EBITDA Margin % | 45.09% | 41.27% | 31.89% | 30.13% | 31.88% | 22.06% | 8591775.74% |
| Depreciation & Amortization | 1.04M | 1.06M | 381.17K | 9.89K | 9.4K | 9.8K | 463.86B |
| D&A / Revenue % | 2.59% | 3.37% | 0.93% | 0.03% | 0.02% | 0.02% | 1110069.84% |
| Operating Income | 17M▲ 0% | 11.88M▼ 30.1% | 12.62M▲ 6.3% | 11.41M▼ 9.6% | 12.65M▲ 10.8% | 9.32M▼ 26.3% | 3.13T▲ 0% |
| Operating Margin % | 42.5% | 37.9% | 30.95% | 30.1% | 31.86% | 22.04% | 7481705.91% |
| Interest Expense | 16.88K | 1.73M | 27.45K | 224.88K | 252.32K | 1.17M | 0 |
| Interest Coverage | 1006.93x | 6.87x | 459.91x | 50.76x | 50.13x | 7.96x | - |
| Non-Operating Income | 0 | 0 | 0 | 0 | 0 | 0 | -36.56B |
| Pretax Income | 16.44M▲ 0% | 10.48M▼ 36.3% | 21.8M▲ 108.0% | 12.08M▼ 44.6% | 12.35M▲ 2.2% | 8.69M▼ 29.6% | 3.16T▲ 0% |
| Pretax Margin % | 41.1% | 33.43% | 53.44% | 31.86% | 31.1% | 20.55% | 7569209.43% |
| Income Tax | 2.72M | 1.55M | 4.41M | 3.35M | 4.08M | 2.66M | 635.68B |
| Effective Tax Rate % | 16.57% | 14.78% | 20.23% | 27.75% | 33.07% | 30.59% | 20.1% |
| Net Income | 13.72M▲ 0% | 8.93M▼ 34.9% | 17.39M▲ 94.7% | 8.73M▼ 49.8% | 8.26M▼ 5.3% | 6.03M▼ 27.0% | 2.53T▲ 0% |
| Net Margin % | 34.29% | 28.49% | 42.63% | 23.02% | 20.81% | 14.26% | 6047935.34% |
| Net Income Growth % | - | -34.89% | 94.68% | -49.78% | -5.34% | -27.02% | 65464640.5% |
| Funds From Operations (FFO) | 14.75M▲ 0% | 9.99M▼ 32.3% | 17.77M▲ 77.9% | 8.74M▼ 50.8% | 8.27M▼ 5.3% | 6.04M▼ 27.0% | 2.99T▲ 0% |
| FFO Margin % | 36.88% | 31.86% | 43.56% | 23.05% | 20.84% | 14.29% | 7158005.18% |
| FFO Growth % | - | -32.32% | 77.91% | -50.81% | -5.34% | -26.99% | 100000378.99% |
| FFO per Share | 10.18 | 6.89 | 10.88 | 4.74 | 0.88 | 0.52 | 250674.82 |
| FFO Payout Ratio % | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| EPS (Diluted) | 9.46▲ 0% | 6.20▼ 34.5% | 10.65▲ 71.8% | 4.74▼ 55.5% | 0.88▼ 81.4% | 0.52▼ 40.9% | 211799.94▲ 0% |
| EPS Growth % | - | -34.46% | 71.77% | -55.49% | -81.43% | -40.91% | 127.9% |
| EPS (Basic) | 9.53 | 6.21 | 10.93 | 5.39 | 0.89 | 0.52 | - |
| Diluted Shares Outstanding | 1.45M | 1.45M | 1.63M | 1.84M | 9.38M | 11.68M | 11.93M |
WETH Balance Sheet
Wetouch Technology Inc. (WETH) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|---|
| Total Assets | 41.74M | 47.06M | 68.68M | 73.11M | 119.64M | 128.02M | 139.91M |
| Asset Growth % | - | 12.74% | 45.93% | 6.45% | 63.66% | 7% | 29.46% |
| Real Estate & Other Assets | 0 | 0 | 0 | 0 | 0 | 0 | 542.93K |
| PP&E (Net) | 9.87M | 9.49M | 11.83M | 10.92M | 12.86M | 13.84M | 14.09M |
| Investment Securities | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Current Assets | 30.89M | 36.6M | 56.85M | 62.18M | 106.78M | 114.14M | 125.18M |
| Cash & Equivalents | 14.28M | 23.96M | 46.16M | 51.25M | 98.04M | 103.76M | 113.19M |
| Receivables | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Other Current Assets | 71.88K | 305.06K | 1.47M | 0 | 991.52K | 210 | 1.13M |
| Intangible Assets | 989.05K | 974.7K | 0 | 0 | 0 | 0 | 0 |
| Total Liabilities | 9.44M | 2.71M | 4.37M | 4.27M | 6.72M | 3.43M | 4.74M |
| Total Debt | 430.92K | 0 | 2.03M | 1.66M | 1.71M | 1.05M | 666K |
| Net Debt | -13.85M | -23.96M | -44.13M | -49.59M | -96.33M | -102.71M | -112.53M |
| Long-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 51.5K |
| Short-Term Borrowings | 430.92K | 0 | 2.03M | 1.66M | 1.71M | 0 | 614.5K |
| Capital Lease Obligations | 0 | 0 | 0 | 0 | 0 | 1.05T | 2.43T |
| Total Current Liabilities | 9.44M | 2.28M | 3.24M | 4.01M | 6.34M | 2.95M | 4.69M |
| Accounts Payable | 795.48K | 891.85K | 800.59K | 1.38M | 640.79K | 1.26M | 1.29M |
| Deferred Revenue | 229.83K | 254.7K | 65.46K | 397.89K | 0 | 166.53K | 0 |
| Other Liabilities | 0 | 0 | 1.13M | 256.96K | 378.37K | 0 | 0 |
| Total Equity | 31.67M▲ 0% | 44.35M▲ 40.1% | 64.31M▲ 45.0% | 68.83M▲ 7.0% | 112.92M▲ 64.0% | 124.59M▲ 10.3% | 135.17M▲ 0% |
| Equity Growth % | - | 40.06% | 44.99% | 7.04% | 64.05% | 10.33% | 28.45% |
| Shareholders Equity | 31.67M | 44.35M | 64.31M | 68.83M | 112.92M | 124.59M | 135.17M |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Common Stock | 28K | 31.5K | 31.81K | 1.68K | 9.73K | 11.93K | 11.93K |
| Additional Paid-in Capital | 14.03K | 1.07M | 2.33M | 3.4M | 43.51M | 52.5M | 52.5M |
| Retained Earnings | 33.36M | 39.23M | 54.61M | 68.41M | 76.67M | 74.63M | 81.96M |
| Preferred Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Return on Assets (ROA) | 32.86% | 20.11% | 30.04% | 12.32% | 8.58% | 4.87% | 1806328.87% |
| Return on Equity (ROE) | 43.31% | 23.49% | 32% | 13.11% | 9.09% | 5.08% | 1869688.76% |
| Debt / Assets | 1.03% | - | 2.96% | 2.27% | 1.43% | 0.82% | 0.48% |
| Debt / Equity | 0.01x | - | 0.03x | 0.02x | 0.02x | 0.01x | 0.01x |
| Net Debt / EBITDA | -0.77x | -1.85x | -3.39x | -4.34x | -7.61x | -11.01x | -11.01x |
| Book Value per Share | 21.85 | 30.60 | 39.39 | 37.33 | 12.04 | 10.67 | 11.33 |
WETH Cash Flow Statement
Wetouch Technology Inc. (WETH) cash flow — operating, investing & free cash flow history
| Line item | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|---|
| Cash from Operations | 10.16M | 12.96M | 14.05M | 8.59M | 12.72M | 1.2M | 1.2M |
| Operating CF Growth % | - | 27.54% | 8.4% | -38.89% | 48.2% | -90.54% | 21.88% |
| Operating CF / Revenue % | 25.41% | 41.35% | 34.45% | 22.64% | 32.05% | 2.85% | 2.88% |
| Net Income | 13.72M | 8.93M | 17.39M | 8.73M | 8.26M | 6.03M | 2.53T |
| Depreciation & Amortization | 1.04M | 1.06M | 381.17K | 9.89K | 9.4K | 108.19K | 564.74K |
| Stock-Based Compensation | 0 | 0 | 3.15M | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | 0 | 1.13M | -9.07M | -552.28K | 155.07K | -272.92K | -38.33K |
| Working Capital Changes | -4.59M | 1.84M | 2.2M | 398.19K | 4.3M | -4.66M | 2.33M |
| Cash from Investing | -5.01K | 0 | 6.16M | 0 | -2.26M | -271.83K | -152.63K |
| Acquisitions (Net) | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Purchase of Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Sale of Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Investing | 0 | 0 | 17.86M | 0 | 0 | 0 | 0 |
| Cash from Financing | -13.53M | -4.7M | 1.86M | -652.63K | 39.95M | 7.45M | -434.58K |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Common Dividends | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt Issuance (Net) | 0 | -1000K | 1000K | -1000K | -55K | -1000K | -135K |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 | 0 | -8.99M |
| Other Financing | -13.53M | 0 | -162K | 385.79K | 0 | 0 | 8.69M |
| Net Change in Cash | -4.01M▲ 0% | 9.68M▲ 341.3% | 22.2M▲ 129.2% | 5.09M▼ 77.1% | 46.79M▲ 819.8% | 5.72M▼ 87.8% | 6.46M▲ 0% |
| Exchange Rate Effect | -642.21K | 1000K | 121.78K | -1000K | -1000K | -1000K | -392.49K |
| Cash at Beginning | 18.29M | 14.28M | 23.96M | 46.16M | 51.25M | 98.04M | 110.45M |
| Cash at End | 14.28M | 23.96M | 46.16M | 51.25M | 98.04M | 103.76M | 113.19M |
| Free Cash Flow | 10.16M▲ 0% | 12.96M▲ 27.6% | 2.36M▼ 81.8% | 8.59M▲ 264.4% | 10.46M▲ 21.8% | 932.25K▼ 91.1% | 10.15M▲ 0% |
| FCF Growth % | - | 27.6% | -81.83% | 264.44% | 21.83% | -91.09% | 1624.16% |
| FCF / Revenue % | 25.39% | 41.35% | 5.78% | 22.64% | 26.35% | 2.2% | 24.29% |
WETH Key Ratios
Wetouch Technology Inc. (WETH) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2020 | 2021 | 2022 | 2023 | 2024 | TTM |
|---|---|---|---|---|---|---|
| FFO per Share | 6.89 | 10.88 | 4.74 | 0.88 | 0.52 | 250.67K |
| FFO Payout Ratio | 0% | 0% | 0% | 0% | 0% | 0% |
| NOI Margin | 49.8% | 45.19% | 37.05% | 43.3% | 32.18% | 12695771.11% |
| Net Debt / EBITDA | -1.85x | -3.39x | -4.34x | -7.61x | -11.01x | -11.01x |
| Debt / Assets | - | 2.96% | 2.27% | 1.43% | 0.82% | 0.48% |
| Interest Coverage | 6.87x | 459.91x | 50.76x | 50.13x | 7.96x | - |
| Book Value / Share | 30.6 | 39.39 | 37.33 | 12.04 | 10.67 | 11.33 |
| Revenue Growth | -21.64% | 30.11% | -7.02% | 4.7% | 6.48% | 29689240.29% |
WETH Frequently Asked Questions
Wetouch Technology Inc. (WETH) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Wetouch Technology Inc. (WETH) reported $41.8M in revenue for fiscal year 2024. This represents a 4% increase from $40.0M in 2019.
Wetouch Technology Inc. (WETH) grew revenue by 6.5% over the past year. This is steady growth.
Yes, Wetouch Technology Inc. (WETH) is profitable, generating $2.53T in net income for fiscal year 2024 (14.3% net margin).
Dividend & Returns
Wetouch Technology Inc. (WETH) has a return on equity (ROE) of 5.1%. This is below average, suggesting room for improvement.
Industry Metrics
Wetouch Technology Inc. (WETH) generated Funds From Operations (FFO) of $2.99T in the trailing twelve months. FFO is the primary profitability metric for REITs.
Explore More WETH
Wetouch Technology Inc. (WETH) financial analysis — history, returns, DCA and operating performance tools
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Dividend History
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Earnings History
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Price History
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Revenue History
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Financial Ratios
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Valuation
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